Turkey

Ukraine Black Sea Corridor Reached 162 Million Tonnes Amid Rising War Risk Premiums

Ukraine’s overland shipping route to the Black Sea has hit yet another significant milestone since.162 million tonnes total shipped across 55 countries since August (including 98 million tonnes of grain exported to 55 nations - reported on December 16).at the same time insurance costs for maritime shipping skyrocketed as the growing risk landscape began to shift, as risk premiums for shipping Russian oil out of the region extended until July 2025.

OFAC and European Allies Tighten the Net on Russian Oil Trade

In the last several weeks, U.S. and European regulators moved to tighten enforcement of maritime sanctions on Russian oil exports, blacklisting additional companies, vessels and individuals while regional governments scrubbed each other’s lists. Overall market data showed Russian crude exports reacting negatively to the latest of these measures; an incident involving one of those tankers in the Black Sea underscored how their operational and security risks were rising.

Global Naval Powers Accelerate Modernization: Turkey Expands Indigenous Air Defense Capabilities; South Korea and Brazil Launch New Vessels

During these five days, a whole host of naval developments took place that suggested an accelerating trend toward modernization of many of the world’s sea forces; Turkey trials the LEVENT missile system for naval air defence functions, South Korea unveils the latest FFX Batch III frigate, to be ROKS Jeonnam, and Brazil commissioned its third Riachuelo-class submarine, Admiral Karam, as tangible proof of changing priorities and broadened aspirations.

Late November Saw an Increase in Maritime Security Incidents Worldwide

Between 25 November and 1 December 2025 the maritime domain witnessed 18 critical incidents from drug interdictions, to migrants and boat people being rescued, piracy attack vessels, explosion against tankers off Senegal and in Black Sea, and major drug seizures and boat people crises in Mediterranean and Turkish waters. Notably, explosions against tankers off Senegal and in the Black Sea, alongside crises affecting those coming through Euro waters due to crisis migration.